REGISTERED COMPANY NUMBER: 03348600 (England and Wales) REGISTERED CHARJTY NUMYER: 1067061 SWINDON SCHOOL OF GYMNASTICS REPORT OF THE TRUSTEES AND UNAUDITED FINAP4CIAL sfATEMENTS FOR THE YEAR ENDED 30TH DEC£MBER 2022
SWINDON SCHOOL OF GYMI4AsrIcs CQNTENTS OF TME FINANCIAL STATEMENTS FOR THE YEAR ENDeD 30TH DECEMBER 2022 Pa9e Report of the Trustees Ind•pendent Examiner's Report Stat*ment of Flnan¢sal Artlvlties Statement of Flnanclal Posltlon Note> to the FlnanciJl Statements 6 to 11 Detall•d Statement of Flnanclal Actlvltles 12 to 13
SWINDON SCHOOL OF GYMNAsrIcs REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH DECLMBER 2022 The trustees who are also directors of the chBnty for the purposes of the Companles Att 2006, present thelr report wlth the flnancial statements of the charity fGr the year ended 30th Decemt>er 2022. The trustees have adopted the provisions of Accounting and ReportSng by Charities.. Statement of Recommended Prartice applicable to charities preparlng their accounts In accordance with the Financial Reportlng Standard applicable in the UK and Reoublic of Ireland IFRS 1021 leffeciive l January 2019). OBJECTIVES AND ACTZVITIES ObjectSves and aims In planning our activities for the year, we kept in mind the Chènfy Commission's guidance on public beneflt. The principle actlvity of the company Is rie advancement of the mental and physlcal development of young persons through the sport of gymnastlcs In all Its forms recognised by the 8rltlsh Amateur Gymnastics Assoclati)n. ACHIEVEMENT AND PERFORMANCE ChaTltable aetivities It was very pleasing to see th? Increase iri the Income hgijres during the year whlch was due to the hard work of the coaches particulaTly Lauren, Klrsty, Wendy, all the volunteer coaches and Helen the dministrator We olso said 9oodbye to two employed coa¢he5, Owen Hall- chlef boys coach and Eli Ridgeway, although Eli contlnues on a voluntary bosis. The trustees would like to extend thelr gratitude for the everyone's hard work during the year. Expenses We mtjch as anticipated, but we did manage to pay off £6,000 off an old service charge debt, the remaining £2,000 of whlch was pald In Septerrber 2023. It is expected that utllltv bllls will In(aSe substantl¢illy In 2023, likely double, and this 15 something we are mindful of. All costs continue to rise and Y4ith this in mind we had no choice but to increase fees In September 2022 by an average of IO%. Following the employment of Kirsty, we saw an increase in Pre-school Income as we were able to run the mornlng sesslon at least four tlmes a week Instead of prevlously two. Our glrls sectlon contSnues to do well In Levels, Grades and Southwest competitlons throughout the year, thaiiks to the hard WOTk and dtdlcation of thelr coaches,. lon9 may thls ctsntinue. All the general qymnasts were well catered for by making 5e5510ns as enjoyable as possible and achlevlng new sk1115 as well as competlng In their relatlve competition levels. With the loss of Owen Hall, the boy's section had to regroup whlch took some time. bul we did manage tu obtain the service of an excellent coach Karen, who we retain on a 5elf.employed contract bJ5is. Gratefijl thanks go t¢) our employee9, voILJnteer coaches Iglrls ènd boys), the volunteers, as wlthout their hard work and help the club could not continue to thrive. We look forward for your support and help with the fundraising events programmed. Fundralslng zlctlvltles Last year saw a signiflcant reduction in fundraising due to the Covtd.19 pandemic. Due to the pandemlc easlng thls year. normal levels of fundraising resumed and pvents such as raffles. dlsplay day5. compelitions day5 an¢J annual open events. Similar to previous vears, tlie sumffler carnp was the laroest fundralslng event tlLiring the year. FINANCIAL REVIEW Prlnclpal funding sources The char,'ties maln source of funds Is from fees for Q>'mnastics cla55es for children artd adults whlch this year totalled £166,633 (202 1.. E129, l 171. The chamty also recharges the Bdtlsh Gymnastics insurance for Its members thus to cover the costs. Financial results and reservts pollcy The re.sults for the year are set eut In the Ststempr.t of Finandal Artivities on page S. At the year end the charity had reserves of £lOI.988 {2021.. £85,906), bein9 iinre5trlcted funds. The trustees have examined the charity's requirements for reserves in ihe 119ht of the rnain rfsks to the charity. The trustee5 conside-. that the xho)I sheuld aim to fnasntain the lewel of its reserves at a figure greate* thap. £50,000. This will tbep maintaln èrfeouate levels. going forward, for it's asset and stock level, an leave sufflclent amourts for the day to day wnnip.g costs. Funds not committet1 are 4niiested in '.r.rerest bearir.g deposit accounts. P3ge I
SWINDON SCHOOL OF GYMNASTICS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH DECEMBER 2022 FUTURE PLANS With the rising costs we are seeing, we plan to continue ensuring we can Tvn 35 many sessions as possible. During thls year we have focused on enhancin9 our coaches, qualifications, with the view to give more breath, as this development Was halted during the pandemic. We have managed to keep our fees at the same level followirtrg the September 2022 Increas£ with the hope that our increased offering will enable us to cover our costs. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document Swindon School OF Gymnastlcs 15 a charitable company Irmitetl by guarantee, governed by its Memorandum and ArtcleS of A5SOClJtion. and registered with the Charlty Commlssion Registration Number 10670611. (Charlty Recrultment and •ppointm•nt of new trustees The rrustees may appoint a person who is willing to act to be a trustee of the charttv. A trustee appolnted durlng the year shall hold offlce only until the next annual general meetin9 of the charity and shall be eligible for elettion at that meetln9. Rlsk management The trustees have a risk management straregy which comprlses- An annual VIeW of the Msks the charity may face,. The establlshment of systems ènd procedures to mitlgate Ih05e risks Identifieo in the assessment: and The implementatlon of procedures designed to minimise any potential impact on the charity should those rlsks matertallse. REFERENCE AND ADMINISTRATIVE DETAILS Re9lstered Comp•ny number 03348600 (England and Wales) Regi$tÈred Charlty number 1067061 Reglst•rtd offlc• Unit 4 Isis Trading Estale SWINDON wiltshire SNI 2PG Tru•tees Mr A l Davles Mrs w M Payne Company Secretary Mrs w M Payne Independent Examlner Morris Owen Chartered Accountants 43-45 Devizes Road SWINDON Wiltshire SNI 4BG Approved by order of the board of tTUStees on 19th September 2023 and slgnèd on its behalf by.. Mr A l Davles - Twstee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SWINDON SCHOOL OF GYMNAsrIcs Independent examlner's report to the trustees of Swlndon School of Gymna$tlc6 ('the Company,) I report to the charity trustees on my examlnation of the ai Counts of the Company for the year ended 30th December 2022. Re$ponslblllties and basls of report As the charity's trustee5 of the Company land also its direttors for the purrKJses of company lawl you are responsible for the preparation of the accounts In accordance wlth the reqtsirements of the Companies Act 2006 I'the 2006 Att'l. Havlng sat15fied myself that the accounts of the Company are not reqUId to be audited under Part 16 of the 2006 Act and Jre eligible for independent examinetion. I report in respect Of my examination of your charity's accounts as carried out under Sertion 145 of the Charlties Art 2011 {'the 2011 Act'l. In carrying out my examlnation I have followed the L)irections given by the Charlty Commission under Section 145151 Ib} of the 2011 Act. Independent examlner's statement I l)ave completed my examination. I connrm that no ffpaltery have come to my attentlon In connection wlth the examination givl4g me cause to believe. accounting cordS were not kept in respert of the Company as required by Settlon 386 of the 2006 Act,. or the a¢coL4nts do not accord with those records- or the accounts do not comply with the accounting qUIri,MeNts of Sertic*ii 396 of tlie 2006 Act other than any requlrement thclt the accounrs glve a true an.1 fair view which Is not a matter ronsldered s part of an Independe?t examinatlon," or the accounts have not beery ppared in accordanc& with the methods and prirc'.plei' of the Statement of Recommended Prartice for accounting and reporting by charitles laDplicable lo charities prepartrig thelr accounts In accordance with thp Flnjnciai In the UK and Republic 91 Ireland IFRS 10211. Reportlng Standard applicable I have no concerns and have rme across no other matters In Connectlon wlth the examlnatlon :o whlc attentlon shoLiia be drawn In thls report in order to enable a proper understandlng of the acc.0t5 to be reached. Jenna Wheeler ACA CTA Morr55 Owen Chartered Accountant5 43-45 Devizes Road SWINDON Wiltshire SNI 4BG Date., /L
SWINDCIN SCHOOL OF GYMNASTICS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30fH DECEMBER 2022 2022 UrTrestrlcted fund 2021 Total funds INCOME AND ENDOWMENTS FROM Donatlons and legacies Notes 177.323 133.624 Charltable ?ctlvities Charltable attivitles 2L,193 Other trading activities Investment income 47,348 165 25,279 Total 224,836 180,099 EXPENDITURE ON Raising funds 47,705 49,852 Charltable actlvltles Charitable activSties 143,692 128,302 Other 17,357 15,750 Total 208.754 193,904 NET XNCOME/(EXPENDITURE) 16,082 113,8051 RECONCJLIATXON OF FUNDS Total funds brought forward 85,906 99,711 TOTAL FUNOS CARRIED FORWARD 101,988 85,906 The notes form part of these finandal ststements Page 4
SWINDON SCHOOL OF GYMNASTICS STATEMENT OF FINANCIAL posrrioN 30TH DECEMBeR 2022 2022 Unrestrlcted fund 2021 Total fvnds Notes FIXED ASSETS Tangible assets li 7,463 8,823 CURRENT ASSETS Stocks Debtors C&5h at bank 4,160 33,258 68,774 5,997 33,194 57,960 13 106.192 97,151 CREDITORS Amounts falling due wlthln one year 14 {11.6fj7) (20,0681 NET CURRENT ASSETS 94.525 77,083 TOTAL ASSETS LESS CURRENT LIABILITIES 101,988 85.906 NET ASSETS 101,988 85,906 FUNDS Unrestrictecj funds 15 101,988 85,906 TOTAL FUNDS 101,988 85,908 The charitable company Is entitled to exemption from audlt under Section 477 of the Companles Att 2006 for the year ended 30th December 2022. The members have not requlred the company to otytain an audit of its fiianciJl stalement5 for the yeat. ended 30th December 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge thelr responslbllltles for lal ensuring that the charltable company keeps accountlng records that comply wlth Settlons 386 and 387 or the Companles Act 2006 and preparlng flnancSal statements which give a true jnd fair vlew ol the state of affairs of the charitablè Company a5 at the end of each flnandal year and of Its surplus or deficit for eac flnanclal year In accordance with the requlrements of Sectlons 394 ano 395 and whlch otheryjlse comply with the reqirementS of the Companles Act 2006 relating to flnancial statements, so far as applicable to the charitable company Ib} These financial statements bave been prepa1 '.n accordance with the provislon5 appllcable tr> charltable companles subject to the small companles re9ime. The flnanclal statements were approvèd by the Board of Trustees and authorlsed for issue on L9th September 2023 and were signe¢J on Its behalf by". Mr A J Davles - Tnistee The notes fom part of these linancial statements
SWINDON SCHOOL OF GYMNAsrIcs NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH DECEMBER 2022 CHARrrY INFORMATION The charity 15 3 company limrted by guarantee and incorporated in England and Wales, and a reg15tered charity with the Chanty CorT)misston in England and Wales. The registered office address is Unit 4. Isis Trading Estate. Swinoon, SNI 2PG. These nnanclal statements are presented In Brltish Pounds IG8PI, whlch Is the Company's functional and pre5enrational currency. ACCOUNTING POLICIES B*i$ of preparlng the IFnan¢lal statements Thé financlal statement$ of the charitable company. whl¢h is a public benefll entity under FRS 102, have been prepared in accordanié Wlth the Charitles SORP IFRS 102} 'Accounting and Reportlng by Charltles.- Statement of Recomm anded Practice applicable to charltles preparlng their accounts In accordance with the Fln•ncial Rejlorting Standard applicable in the UK and Republic of Ireland (FRS 102) leffettive l January 201.1),, Financial Reportlng Standard 102 'The Flnancial Reportlng Standard applicable In the UK and F epubllc of Ireland. and the Ci)mpanies Act 2006. The financial Statements have been prepared und Jr the historical cost convention. Income All Incomlng resources are Included in th• statement of flnand81 activlties when the Charlty Is entitled to the Income and rhe amount can be quantlfled wlth reaeonable accuracy. The following specific policies are applled to partlcular categorles Income. Fee Income Is Inclu¢JeO In full In the statement of Flnantial Activitles when recelvable. Donated services and fJcllities are intluded at the value to the Charity where this can be quantlfled, The value of services provlded by volLtnteer% has not been Included In these accounts. Investment Income Is Included when recelvable. Incornlng resour5 for generating fiinds are accounted for when earned. Expendlture Ll•bilities are cOgnISed as expenditure as soon as there is a legal or constructlve obligatlon committlng the charity to that expenditure, it is probable that a transfer of e¢oncimic benefits will be requlred In seitlefflent and the ainount of the obligation can be measured re51ably. Expendlture Is accounted for on èn accrua15 ba< is and ha5 been classifled under headings that aggregate all cost related to the category. Where Costs cannot be directly attributed to partlcular headlngs thev h•v• b••n 4llocat•d to •¢tivltles on . ba51s conslstenr wlth The use of SOurces. Tanglble flxed assats Depreclation is provided at the foll)wlng annual rates in onler to wrlte off each asset over Its estimated useful life. Fixrures and fittin9S 20% on cost and IO% on c05t Stock$ Sto¢k5 are valued at the lower of cost and net realisable value, after maklng due allowance for obsolete and SI0 moving Items. Taxation The charlty is exempt from corporation tax on its charitable activities. Fund a¢countlng UTrrestrirted fund5 can be used In accordance with the charitable objettives at the dlscretion of the trustees. Page 6 continued...
sNDoN SCHOOL OF GYMNASTICS NOTES TO THE FIYANCIAL STATEMENTS - continued FOR THE YEAI ENDED 30TH DECEMBER 2022 ACCOUNTING POLICIES - continued Fund accountlng Restricted funds can only be used for particular $trIcted purposes within the objects of the charity. Restrictions arise when Specified by the donor or when funds are ralsed for particular restricted purpose5. Further explanation of the nature and purpose of each fund Is Induded In the notes to the financlal statements. Penslon costs and other post-retlrement benefits The charitable company operates a defined contrlbution pt'nsion Scheme. Contributions payable to the charitable company s pension scheme are char9ed to the Statement of Flnanclal Activities in the period to whieh thev relate. DONATIONS AND LEGACIES 2022 2021 Fees Donatlons C?ift aid 166,633 7,211 3,479 129.117 971 3,536 177,323 133,624 OTHER TRADING ACTIVITIES 2022 2021 Fundraislng events B G Insurance Sale of clothing Summer camp Sundry Income Competitlon entrles HAF programme 21,922 10.829 4,355 4.337 1.559 4,346 191 3,626 2,457 9,825 815 5,035 3,330 47,348 25,279 INVESTMENT INCOME 2022 2021 Bank Interest recelved 165 Ner INCOME/(EXPENDITURE) Net Incomellexpenditure) Is stateft ifter charglng/lcreditlng)'. 2022 2021 Depreclatlon owned assets Surplus on disposal of fixed assets 5.416 {747) 5,833 Page ? continuea..
SWINDQN SCHOOL OF GYMNASTICS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH oecEMBER 2022 TRUSTEES. REMUNERATION AND BENEFITS There were no Iru5tees' remuneration or other benefrts for the year ended 30th December 2022 nor for the year ended 30th December 2021. Trustees. expenses During the year, both tnjstees wtre reimbursed a total of E5,702 12021.. £5,578) for charity expenses paid prlvately. These éxpenses relate to travel, purchase of minor equipment, statlonery. telephone. Britlsh Gyninasti¢s memberships and summer camp expenses. STAFF cosrs 2022 2021 Wages and sal•rles 62,600 62,995 62,600 62,995 The average monthly number of employees durlng the year was a5 follows.. Staff 2022 2021 No emplL)yeeJ rereived emolumenrs In excess of E60,OUO. INOEPENDENT EXAMINER FEES 2022 2021 Statutory accounts produrtion & extemal scnjtiny 3.594 3,150 3,594 3,150 10. COMPARATIVES FOR THE STATEIIENT OF FINANCIAL ACTIVITIES ijnresti'icted rund INCOME AND ENDOWMENTS FROM Donations and legacies Charitabl• activltlos Charltable artivities 133,624 21,193 Other trading attivities Investment Income 25,279 Total 180,099 EXPENDrruRE ON Raising funds 49,852 Charitable actlvities Charitable activities 128.302 Other 15.750 Total 193,904 Page 8 continued.
SWINDON SCHOOL OF GYMNAsrIcs NOTES TO THE FINANCIAL STATEIAFNTS- continued FOR THE YEAR ENDED 30TH DE4 IIMBER 2022 10. COMPARATIVES FOR THE STATFIIF.NT OF FINANCIAL ACTIVITIES - contlnueij Unrestricted fund NET INCOME/(EXPENDITURE) 113,8051 RECONCILIATION OF FLINDS Total funds brought forward 99,7LI TOTAL FUNDS CARRIED FORWARD 85,906 11. TANGTBLE FIXED Assyrs Flxtures and fittlngs COST At 3 1st December 202 I Addltlons 241.098 4,056 At 30th December 2022 245.154 DtPRPCIATION At 3 Isl December 2021 Charge for year 232,275 5,416 At 30th December 2022 237,691 NET BOOK VALUE At 30th December 2022 7,463 At 30th December 2021 8,823 12. STOCKS 2022 2021 Stocks 4,160 5,997 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Trade debtors Prepayments and accpJed Income 3,479 29,779 3,536 29.658 33,258 33,194 Page cont1niied.,.
SWINDON SCHOOL OF Gyfv. IASTtcs NOTES TO THE FINANCIAL STATEMENTS - continued FOR TFIE YEAR ENDED 30TH DECEMBER 2022 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Social security and other taxes other creditors Accruals and deferred Income 928 9,488 9.652 3,055 8,612 11,667 20,068 15. MOVEMENT ZN FUNDS Net movement in fvnds At 31.12.21 At 30.12.22 Unrestrlcted funds General fund 8S.906 16.082 101,988 TOTAL VUNDS 85,906 16,082 101,988 Net movement funds, included in thè above are as follows., Incomlng sources Resources expende¢J Movemerst In funds Unrestrlcted fund$ General fund 224,836 {208,754) 16.082 TOTAL FUNDS 224,836 (208,754) 16,082 Comp•rallv•s for movem¢nt In funds Net movemeni In fvnds At 31.12.20 At 30.12.21 UnreBtrlct*d funds General Fund 99,711 113,805) 85,906 TOTAL FUNDS 99,711 {13,805) 85,906 Comparative net movement In funds. Included In the above are as follows: Encoming sources Resour$ expended Movement in fund5 Unrestricted funds General fund 180,099 1193.9041 { 13.8051 TOTAL FUNDS L80,099 1193,9041 { 13.805) Page 10 continued...
SWINDON SCHOOL OF GYMNAsrIcs NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30TH I IECEMBER 2022 15. MOVEMENT IN FUNDS - contlnued A current year 12 months and prifjr year 12 months conib lied position Is as follows: Net movement in fund5 At 31.12 20 At 30.12.22 Unrestrlcted f unds General fund 99,711 2,277 101,988 TOTAL FUNDS 99,711 2,277 101,988 A current year 12 months and prior year 12 months combined net movement In funds, Included In the above are as lollows.. Incomlng resources Resources expended Movement In funds UnrtstrScted fund General fijnd 404,935 1407,6581 2,277 TOTAL FUNDS 404.935 {402,6581 2,277 16. RELATED PARTY DISCLOSVRES There were no related party tronsJctions for the year erldpd 310ecember 2022. Page 11
SWINDI SCHOOL OF GYTrINASTICS DETAILED STATEMENT OF FINANCIAL AcfivITIES FOR THE YEAR ENDED 30TH DECEMBER 2022 2022 2021 INCOME AND ENDOWMENTS Donatfons and legacies Fees Donations Gift aid 166,633 7.211 3,479 129,117 971 3,536 177,323 133,624 Other tradlng actlvltles Fundralslng events 6 G Insurance Sale of clothing Sumirer camp Sundry income Competltlon entrSes HAF programme 21,g22 10.829 4,355 4,337 1,559 4,346 191 3,626 2,457 9,825 815 5,035 3,330 47,348 25,279 Investment Income Bank interest recelved 165 Charltable 4ctlvltie3 Government grants 21,193 Total Incomlng resour• 224,836 180,099 EXPENDfTURE Other tradlng a¢tlvlt5e¥ Opening stock Clolhlng expendlturè Coaching ancl ballet Closlng stock 5,997 625 45.243 {4,160) 5,042 3,562 47,245 15,9971 47,705 49.652 Charltoble activltl•• AGA membÈrshlp Competitlons and events Summer camp expenses Eouipment HAF Programme expenses 15,079 8.748 2,836 388 6,596 60 1.968 402 2,181 27,051 11,207 other Wages 17.357 15,750 Support Costs Management Insurance Carried forward 3,324 3,324 3,123 3,123 This page does not form part of the statutnry financial statements Page 12
SWINDON SCHOOL OF GYMNASTICS DETAILED sfATEMENT OF FINANCIAL AcfiviTIE5 FOR THE YEAR ENDED 30TH DECEMBER 2022 2022 2021 Management Brought fgrward Cleaning Independent examination fees Honorarfum payments Staff training Sub5criptlons Repairs and renewals Computer costs 3,324 3,019 3,594 2,000 3,646 133 3,150 274 3,123 819 3,150 2.000 282 ioi 7,027 137 19,140 16,639 Plnthnce Rent, rates and water Light and heat Travel ancj sub515tence Telephone Postage and stationery Sundrie.s ank charges Depreciation of tangible fixed assets Loss on sale of tangible fixed assets 76.669 7,935 3,373 1,303 84,440 4,223 706 1,563 392 157 1,119 5,833 1,553 I,iio 5,416 (747) 96,612 98,433 Governance costs Accountancy and legal fees 889 2,023 Total resource5 expended 208,754 193,904 Net Incomè/(•xp•Trdltur•) 16,082 (13,8051 This page does not form part of the statutory fjnancial statements Page 13